Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

More than a quarter quadrillion dollars? Held by five companies?

|Includes:Exxon Mobil Corporation (XOM)

Five companies supposedly hold derivitives worth $296,000,000,000,000

Exactly which accountant with valid a CPA can justify the existance of this amount of money?


www.cfo.com/article.cfm/14113089?f=most_read


For a reference point, $296,000,000,000,000 is equivilent to approximately 825 Exxon Mobils in terms of market capitalization. 

Again, I point out the major problem we have in our financial world is our accounting practices.  The Goldmans, Enrons, Adelphias, etc. they all just take advantage of the make believe that accountants generate.  Disney's Imagineers can't even approach this level of fantasy.

Stocks: XOM